What's new

Medical Marijuana company goes public!

funker

Active member
I have 13,000 shares

the name changed this morning from cviv to MJNA

Bruce is someware around here he posted pictures of the paperwork a few weeks ago

sitting at .39 right now so if you want it in go for it

that is awesome do u know what his handle is? i have 2000 shares after the split, i bought it at 1.35 a couple weeks ago...where did u get long?
 

kmk420kali

Freedom Fighter
Veteran
This company makes me laugh.

Taxation in this country has ALWAYS been VOLUNTARY.

Think about it, the gov trusts you about what you report on your income tax.

The state trusts you to report the correct sales tax if you're in the business of selling anything.

So this company is gonna come along and say we'll provide a service that will correctly report the sales tax? The state isn't going to mandate that you use this service, they are still going to trust each dispensary to report the correct amount.

In other words, who in their right mind would pay for this service when they are basically doing the service themselves.

This company should and will fail, hopefully without your invested money.

But they are making it easier all the way around-- This is not just for sales tax, and dispensaries are not really in the position to handle the yearly bill, of say $50/ oz tax...as tobacco Co's have the Capitol to do this easily--
MMJ is being scrutinized like nothing we have ever seen-- They are making up rules, like non-profit only...which is only applied to MMJ, there is no other hard commodity that these rules apply--
So this is a perfect way for Dispensaries to keep fool-proof documentation that they are in compliance with all Taxes...and also, if they do the per/oz tax, as they do on packs of ciggs, then that will be a bundle of $$ to have to save and shuffle around-- Much easier if it was all done at the time of the transaction--
 

the_man

Member
it could be the same tax collection system nationwide

it will keep dispensaries in check and make it harder for them to be closed down

the states will be able to see the piggy bank and there will be no questions about the taxes

make no mistake about it if it goes legal you will be paying taxes on it
 

Moldy Dreads

Active member
Veteran
I don't understand what his business model is, to provide capital (backing) for companies that enter legalized MJ? Since there is no legalized MJ RIGHT NOW or MAY NEVER BE how is this company making revenue RIGHT NOW. You can't provide backing for something that doesn't exist.

Talk about a speculator.
Blue Dot, your posts are so negative and anti MMJ, it's amazing, every thread, are you really a negative bizarre person.

Even if this doesn't work, or doesn't pan out.

You're missing the point. It's all about getting MMJ out there, in peope's faces. Making it normal. Getting past ridiculous prejudice against the herb. Do you not get it or are you just a hater?


This company should and will fail, hopefully without your invested money.
edit - You are a hater
 

FreedomFGHTR

Active member
Veteran
sorry can't remeber it

At first i didn't put two and two together

then i thought there is only one person who would have those papers

JJ removed them because his EIN number was showing

www.medicalmarijuanainc.com

Twitter.com/MedMarijuanaInc Bruce Perlowin CEO email Email Contact Upcoming web site: www.medicalmarijuanainc.com

ummm guess what you still didn't put two and two together because that was the SS-4 for California Cannabis Inc. not medicalmarijuanainc.

picture.php
 

the_man

Member
he is looking at from a business standpoint it is a very risky plan

I look at it as one more thing out there

win or lose I don't care
 

FreedomFGHTR

Active member
Veteran
Well California Cannabis Inc. is a California Non Profit Mutual Benefit corporation that provides patient services to our patient-members.
 

msgrappling

New member
Medical Marijuana Inc. now trading on NASDAQ

Medical Marijuana Inc. now trading on NASDAQ

SOURCE: Medical Marijuana, Inc.
Mar 31, 2009 15:59 ET
Medical Marijuana, Inc., Formerly Club Vivanet (PINKSHEETS: CVIV), Today Announced That It Is the First Public Company to Enter the Legalized, Medical Marijuana Business and Has Changed Its Name to Medical Marijuana, Inc.
MARINA DEL REY, CA--(Marketwire - March 31, 2009) - Medical Marijuana, Inc. (PINKSHEETS: CVIV)
Name Change and Pending Forward Split
Club Vivanet, Inc. changed its name to Medical Marijuana, Inc. with the State of Oregon on March 24, 2009, and has resolved to forward split its shares 10 for 1 effective upon NASDAQ changing the company's symbol from CVIV to reflect the name change and forward split. CUSIP has already changed the CUSIP number to 38463A105 to reflect the name change and forward split and the company is anticipating receiving the new symbol effecting the name change and forward split within the month of April.
Pending Spin Offs
In conjunction with the name change, the company is spinning off two subsidiaries on a share for share basis (pre 10 for 1 forward split) of the shares of Club Vivanet, Inc. (a Florida corporation) and MyNewPedia Corp (a Colorado Corporation). While the company has set April 3, 2009 as the record and effective dates, NASDAQ is responsible for establishing an ex-dividend date and up to that date; shareholders and those that buy and hold till the ex-dividend date will be entitled to the forward split and to receive the spin off shares. The spin off shares will be restricted until the subsidiaries register those shares with the SEC or there is an exemption from registration made available.
Change in Management
Furthermore, as a part of these corporate actions, Bruce Perlowin has accepted to serve as the company's new Chairman and CEO, replacing Don Steinberg. Don Steinberg's resignation will become effective on the 2nd of April but he will continue to run and operate Club Vivanet, Inc. (a Florida Corporation). Charles Larsen has accepted to serve as President of the company and Jim Hancock is simultaneously resigning on April 2nd, 2009, yet Jim will also continue to serve as an officer of Club Vivanet, Inc. (a Florida corporation).
Incoming Chairman and CEO
Bruce Perlowin -- Chairman & CEO
Recently interviewed on CNBC's "Marijuana, Inc.," the most watched CNBC TV program in its history, Bruce Perlowin has been noted as the "King of Pot" in various articles for the past 15 years.
On March 23, 2009, Bruce Perlowin launched the first public corporation (PINKSHEETS: CVIV) solely based on the Medical Marijuana Industry. Through the public company (which was granted on March 24, 2009 by the Secretary of State of Oregon, the official name, Medical Marijuana, Inc.) he intends to legitimize this industry, as a part of his decades of advocating the benefits of legalization of medical marijuana. He also intends to provide solutions to governments and communities that will ensure efficient regulation, and to ensure and profit from better monitoring and taxation of the Medical Marijuana Industry.
In the early 90s, Bruce Perlowin co-founded Globalcom 2000. This company was primarily in the prepaid phone card business, which at that time was a virtually unknown market, with only a few producers. That company became the fastest growing, and one of the largest, phone card companies in the U.S. Among the many 1st accomplished in that business, was the 7-11 account, which was captured as the 1st phone card in the U.S. with a corporate logo.
Throughout the past 4 decades, Bruce participated in the network marketing industry and currently holds three world records in that industry. One, for the second largest commission check in the industry, when he earned $176,000 in a company called MyiBiz in 2001. Earlier in 1994, working with One World Communications, he opened 187 training centers around the world, in only 9 months (before the internet or emails were in popular use); a record that is still in effect today.
Incoming President
Charles Larsen -- President
After serving 8 years in the United States Coast Guard, Mr. Larsen began his career in the investment industry in 1989 with Peskin & Associates, a commodity trading advisor in Chicago managing client billing, regulatory monitoring and reporting, internal trading operations and floor broker communications. In 1991 he joined IDS, a software development firm in Los Angeles as a development and implementation consultant to the largest institutional investment advisors on Wall Street. In 1995, Mr. Larsen joined Tower Asset Management, a boutique investment advisory firm in Beverly Hills, assuming management responsibility of trading, technology and operations, also contributing substantially to a successful restructuring effort and helping grow the firm from $90 million to over $600 million. Mr. Larsen left Tower in 2006 as Senior V.P. of Operations & Business Development to join Financial Management Advisors, a $1.6 billion investment advisory firm in Century City as CFO, COO & CCO. Mr. Larsen attended Pepperdine University and served two tours in the United States Coast Guard.
About the Company
Medical Marijuana, Inc. is positioning itself to profit from the emerging opportunities as they appear in the quickly changing legal medical marijuana industry.
Look for our announcements soon regarding our leading edge services to government agencies and others in the industry in the 13 currently legalized U.S. states. We are in direct contact with the most significant and effective organizations for medical cannabis.
Our mission is to create a rewarding financial opportunity for our shareholders, partners and employees.
 

funker

Active member
lookin good...

Medical Marijuana, Inc. Completes Banking and Processing Agreement to Provide Tax Remittance Solutions for Medical Marijuana Dispensaries and Cannabis Collectives


MARINA DEL REY, CA--(MARKET WIRE)--May 1, 2009 -- Medical Marijuana, Inc. (Other OTC:MJNA.PK - News) announced today the completion of an agreement to implement MMI's provisional patent application and provide the ongoing management for the stored value platform.

After filing for a provisional patent based on a revolutionary invention last month involving a solution in the tax remittance sector of the medical marijuana industry -- Medical Marijuana, Inc. has now finalized the last two steps in bringing this product to the market place. By finishing up the agreements with Club Vivanet to provide their processing platform and processing bank -- Medical Marijuana, Inc. is now ready to take their tax solution to the Medical Marijuana dispensaries and collectives.

Club Vivanet's processing license allows MMI the flexibility to implement their invented Point of Sale system that will provide for the settlement of state and local taxes on the sale of medical marijuana. MMI is launching Beta tests beginning in June 2009 that will include card production, card loading, hardware additions and ACH settlement to the depository bank and operating/tax bank accounts. MMI anticipates testing and refining the applications through August 2009 and official launch in September 2009.
 

ItsGrowTime

gets some
Veteran
If I'm not mistaken........This is the guy who buys weed from growers (chipping them down to rock bottom wholesale prices) and resells at an inflated price to clubs . A clearing house for large quantities. He's a middle man.

But about his "New Venture":
I think your all are missing something here............His company and RIGHTFULL OWNERSHIP name is "Medical Marijuana".................use that term in your company or on your dispensary wall and guess what..............LAW SUIT !! Or pay him royalties.

He's just another scam artist. Welcome to commercialized marijuana. This is why I say.........Keep big biznus out of it. PERIOD.

Maybe I should copyright the term............"Cannabis"............before someone else does.
.
.

That would never hold up in court under the fair use principle. He can't copyright a legal term. If it's on the law books, such as "medical marijuana", he can't sue people for using it.

On the topic of legit business, Ive already thought out how to capitalize when/if MMJ (or just MJ) becomes legal. It would be impossible to do anything national or multi-state since MJ would then be legal to grow for anyone. The key would be to corner your local market, particularly a big metro area. Set up wholesale contracts with local small retail businesses, plus a store front operation. If you can supply enough quality smoke at a reasonable price (reasonable takes on a whole new meaning when its legal!), easy street won't be too far away. Well at least until Walmart starts buying Chinese grown weed for pennies on the pound lol. The key is to own your market before big business can tool up and get into your market. Big business is like big gov't, slow and inefficient. My business license app is already filled out and waiting for a signature and date :woohoo:
 

Hash Zeppelin

Ski Bum Rodeo Clown
Premium user
ICMag Donor
Veteran
once the business world gets ahold of it legalization will happen for sure. To much money not too.
 

Latest posts

Latest posts

Top